Invest in Sawfish
Maximum Number of Shares Offered subject to adjustment for bonus shares
*Maximum number of shares offered subject to adjustment for bonus shares. See Bonus info below.
Voting Proxy. Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.
Loyalty Bonus | 10% Bonus Shares
All pre-registered Sawfishco.com watchlist members receive our “Loyalty Bonus” of 10% bonus shares.
Time-Based Perks
Friends and Family Early Birds: Invest $250 within the first 72 hours and receive 5% bonus shares.
Early Bird Bonus: Invest $250 within the first 10 days and receive 3% bonus shares.
Volume-Based Perks
Tier 1 Perk: Invest $500 and receive a 5%-off coupon good toward one (1) Sawfish unit (driver housing +
cartridge).
Tier 2 Perk: Invest $1,000 and receive a 10%-off coupon good toward one (1) Sawfish unit + 2% bonus shares.
Tier 3 Perk: Invest $10,000 and receive one (1) Sawfish unit (driver housing+ cartridge) within one (1) year from campaign close (delivery of which is at Sawfish, Inc.'s sole discretion) + 4% bonus shares.
Tier 4 Perk: Invest $25,000 and receive a one-year “The Elite Package” subscription to the Echelon Front** online academy + 6% bonus shares.
Tier 5 Perk: Invest $50,000 and receive admission to one (1) Echelon Front** “The Muster” two-day leadership conference (hotel and flight excluded) + 8% bonus shares.
Tier 6 Perk: Invest $100,000 and receive admission to one (1) Echelon Front** “FTX” OR “Battlefield” one-day off-site training (hotel and flight excluded) + 10% bonus shares.
** See https://echelonfront.com/events for more information
Terms and Conditions***
1. For all non-bonus share incentives in the Amount-Based perk tiers, the investor will only receive the non-bonus share incentives of that respective perk tier (i.e., non-bonus share incentives are not cumulative and do not “stack”).
2. For Time-Based and Amount-Based perk categories, investors will only receive the highest single % of bonus shares that they are eligible for based on either the amount invested or the elapsed time from campaign launch to the time the investment is made.
3. The Loyalty Bonus and the StartEngine Owner's Bonus are the only perk categories where bonus shares are cumulative and stack; (i.e., independently added to the highest % of bonus shares earned from either the Time-Based or Amount-Based perk categories for which investors qualify).
*** Source: https://startengine.notion.site/Should-I-Offer-Perks-a86e33a42e91449898adeb762ae29802
Example #1: Investor A signed up for the watchlist prior to campaign launch, invests $1,000 forty-eight (48) hours after campaign launch, but is not a StartEngine Owner Bonus Member. Investor A will receive 10% Bonus Shares (5% Time-Based + 5% Loyalty Based) and a 10%-off coupon.
Example #2: Investor B did not sign up for the watchlist prior to campaign launch, invests $25,000 six (6) days after campaign launch, but is not a StartEngine Owner Bonus Member. Investor B will receive 6% Bonus Shares (6% Amount-Based only) and a one-year Echelon Front “The Elite Package” online academy subscription.
Example #3: Investor C signed up for the watchlist prior to campaign launch, invests $50,000 twenty-four (24) hours after campaign launch, and is a StartEngine Owner Bonus Member. Investor C will receive 23% Bonus Shares (8% Amount-Based + 5% Loyalty Based + 10% StartEngine Owner Bonus) and admission to one (1) Echelon Front “The Muster” event (hotel and flight excluded).
Crowdfunding investments made through a self-directed IRA cannot receive non-bonus share perks due to tax laws. The Internal Revenue Service (IRS) prohibits self-dealing transactions in which the investor receives an immediate, personal financial gain on investments owned by their retirement account. As a result, an investor must refuse those non-bonus share perks because they would be receiving a benefit from their IRA account
The 10% StartEngine Owners' Bonus
Sawfish, Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. Owner's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $2.00 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $200. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.
Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus and Loyalty Bonus in addition to the aforementioned bonus.
Irregular Use of Proceeds
Cancel anytime before 48 hours before a rolling close or the offering end date.
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